Speaks to reports after his speech in NY
H
e added:
- See inflation above 2% and could go as high as 2.5%
- Get rates to neutral and see how things play out
- Would back 3 more rate hikes this year if inflation sustained at current levels
- WOuld rather not contract the economy with rates above neutral
- Rise in 10 year bond yields not yet effecting policy decisions, but concerned about implications for fiscal policy.
The US 10 year yield is trading unchanged at 3.0559% after trading as high as 3.0818% earlier today. We are currently trading at the low yield for the day.
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